Best Real Estate Markets in Louisville (2019)

LOUISVILLE REAL ESTATE HEAT MAP

Below is an interactive map that highlights the overall health of the real estate market for each area. Hover over each zip code to see how that real estate market is performing. All statistics were gathered from the local MLS, the Greater Louisville Association of Realtors (GLAR).

Source data: Greater Louisville Association of Realtors (GLAR) Multiple Listing Service. Information is deemed reliable but not guaranteed and is presented for informational purposes only. *Not Enough Data: Less than 100 Units Sold over 12-month period.

Top Five Zip Codes in Louisville Last Year (2018)

It's no surprise that home prices continue to accelerate across the Louisville area. We continue to hear that the inventory is low and now is a great time to sell. Below is a look at the top five areas that performed the best overall last year. Take a look at the methodology to understand the grading system that Garretts Realty used to determine the health of the real estate market in that area.

Complete List:

View the complete list of Louisville zip codes and surrounding areas to see where they stand. Statistics are compiled from residential homes sold in Louisville from 2018 compared to 2017.

Area

Median

Change

SOLD

DOM

Score

40242

$219,123

11.2%

180

23

64

40023

$362,800

17.0%

145

72

61

40299

$225,000

13.1%

766

36

54

40203

$123,500

19.0%

151

41

53

40218

$135,000

14.9%

432

32

49

40229

$158,000

9.0%

725

29

45

40206

$205,000

6.2%

391

29

42

40220

$190,000

6.2%

524

24

42

40223

$239,000

6.2%

400

30

41

40228

$171,000

6.8%

329

24

39

40272

$130,000

8.4%

553

32

39

40216

$125,000

10.6%

629

32

38

40217

$171,800

6.0%

256

27

38

40214

$139,900

11.9%

577

39

37

40219

$145,000

8.2%

423

26

36

40204

$204,000

8.0%

314

39

35

40243

$225,000

2.3%

210

25

34

40208

$79,000

16.2%

143

52

33

40291

$195,000

6.0%

775

35

33

40207

$291,500

2.7%

638

33

29

40241

$273,500

7.3%

542

42

29

40211

$34,000

13.5%

224

59

27

40213

$125,000

2.2%

247

30

27

40258

$132,000

5.6%

451

33

27

40215

$67,000

4.7%

329

33

24

40212

$30,000

2.0%

159

56

23

40222

$243,500

0.1%

348

30

22

40205

$278,000

3.0%

404

37

20

Spencer

$241,500

2.3%

276

37

19

Bullitt

$179,900

4.2%

1167

43

16

Oldham

$301,250

2.5%

1086

47

16

40245

$337,055

3.7%

758

50

10

Shelby

$200,000

0.3%

807

45

7

40118

$107,000

-6.7%

111

33

-1

40059

$438,000

1.9%

485

61

-2

40210

$21,600

-18.8%

103

49

-12

Methodology

In order to identify which markets performed the best, we carefully ranked each zip code in Jefferson County and also each county that borders Jefferson County. We also only used areas that had at least 100 units sold or more. To do this we calculated multiple statistics and graded them on a point scale to determine the overall health of the market in that area. Some of the statistics that we reviewed were; Median Sale Price growth by percentage, Median Sale Price growth by dollar amount, Average days on market compared to the overall average for the Louisville Market and Number of units sold compared to the previous year.